Derwent London PLC

Derwent London PLC

DLN · LSE · Real Estate / REIT - Office

2,002.00GBX+13.00 (+0.65%)

Price History

Full chart

Market Stats

Previous Close1,989.00
Open1,987.00
Day Range1,979.00 – 2,004.00
52-Week Range1,404.50 – 2,167.02
Volume160.49K
Market Cap1.95B
P/E (TTM)41.35
Forward P/E17.79
EPS0.43
Dividend Yield4.61%
Beta1.19
50-Day Avg1,967.64
200-Day Avg1,839.67

About

Derwent London Plc owns a commercial real estate portfolio predominantly in central London valued at 5.0 billion pounds as at 30 June 2026, making it the largest London office-focused real estate investment trust (REIT). Their experienced team has a long track record of creating value throughout the property cycle by regenerating buildings via redevelopment or refurbishment, effective asset management and capital recycling. The firm typically acquires central London properties off market with low capital values and modest rents in improving locations, most of which are either in the West End or City Borders. They capitalize on the unique qualities of each of their properties " taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design. Reflecting and supporting their long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing. They are frequently recognized in industry awards for the quality, design and innovation of our projects. Landmark buildings in their 5.2 million sq ft portfolio include 25 Baker Street W1, 1 Soho Place W1, 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1 and Tea Building E1. As part of commitment to lead the industry in mitigating climate change, Derwent London has committed to becoming a net zero carbon business by 2030, with its updated pathway published in 2025. Their science-based carbon targets have been validated by the Science Based Targets initiative (SBTi). In 2013, the firm launched a voluntary Community Fund which to date has supported 200 community projects in central London. Derwent London Plc is a public limited company and incorporated and domiciled in the UK. The address of its registered office is 25 Savile Row, London, W1S 2ER.

Company Details

  • SectorReal Estate
  • IndustryREIT - Office
  • CEOMr. Jonathan Stewart Murphy ACA, MBA
  • Employees206
  • Headquarters25 Savile Row, London, United Kingdom, W1S 2ER, UK
  • Websitehttps://www.derwentlondon.com

Leadership

  • Mr. Damian Mark Alan Wisniewski A.C.A.CFO & Executive Director · b. 1961
  • Mr. Nigel Quentin GeorgeExecutive Officer · b. 1963
  • Ms. Emily Joanna PrideauxExecutive Director · b. 1979
  • Mr. Jonathan Stewart Murphy ACA, MBACEO & Director · b. 1972
  • Mr. Matt CookHead of Digital Innovation & Technology
  • Mr. Robert Andrew DuncanHead of Investor Relations & Strategic Planning
  • Ms. Lesley BuftonHead of Marketing
  • Ms. Katy LevineHead of Human Resources
  • Ms. Jennifer WhybrowHead of Financial Planning & Analysis
  • Ms. Victoria SteventonHead of Property Management

Financials

Income Statement

Currency: GBP1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.33M3.52M4.20M9.16M6.09M8.35M7.63M8.24M12.11M14.02M19.10M20.80M28.70M29.80M39.50M46.90M46.50M47.90M48.00M46.60M58.00M103.80M120.40M125.30M121.10M127.50M151.00M161.60M179.50M202.20M194.20M203.70M228.50M227.60M266.90M240.30M249.00M267.80M271.70M388.70M
Growth (%)-+164.84%+19.04%+118.35%-33.54%+37.10%-8.65%+8.04%+47.02%+15.78%+36.20%+8.90%+37.98%+3.83%+32.55%+18.73%-0.85%+3.01%+0.21%-2.92%+24.46%+78.97%+15.99%+4.07%-3.35%+5.28%+18.43%+7.02%+11.08%+12.65%-3.96%+4.89%+12.17%-0.39%+17.27%-9.97%+3.62%+7.55%+1.46%+43.06%
Cost of Revenue----------------------24.90M10.50M8.10M9.80M33.80M36.10M44.20M56.70M42.90M38.70M43.30M48.40M70.30M52.30M56.50M72.50M79.00M188.80M
Gross Profit1.33M3.52M4.20M9.16M6.09M8.35M7.63M8.24M12.11M14.02M19.10M20.80M28.70M29.80M39.50M46.90M46.50M47.90M48.00M46.60M58.00M103.80M95.50M114.80M113.00M117.70M117.20M125.50M135.30M145.50M151.30M165.00M185.20M179.20M196.60M188.00M192.50M195.30M192.70M199.90M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%79.32%91.62%93.31%92.31%77.62%77.66%75.38%71.96%77.91%81.00%81.05%78.73%73.66%78.24%77.31%72.93%70.92%51.43%
Operating Expense859.00K1.30M742.00K3.77M2.93M4.23M3.23M3.22M3.46M3.57M3.90M4.50M5.90M6.80M9.10M10.10M10.90M14.00M-64.20M-124.90M-216.10M150.10M617.60M116.80M-278.10M-183.50M-159.90M26.80M27.00M25.90M30.90M28.30M30.70M36.40M50.90M35.00M28.80M624.20M36.30M40.00M
Operating Income472.00K2.23M3.45M5.40M3.16M4.12M4.40M5.02M8.66M10.46M15.20M16.30M22.80M23.00M30.40M36.80M35.60M33.90M112.20M171.50M274.10M-46.30M-522.10M-2.00M391.10M301.20M277.10M98.70M108.30M119.60M120.40M136.70M154.50M142.80M145.70M153.00M163.70M-428.90M156.40M159.90M
Operating Margin35.46%63.15%82.32%58.91%51.90%49.32%57.68%60.89%71.46%74.55%79.58%78.37%79.44%77.18%76.96%78.46%76.56%70.77%233.75%368.03%472.59%-44.61%-433.64%-1.60%322.96%236.24%183.51%61.08%60.33%59.15%62.00%67.11%67.61%62.74%54.59%63.67%65.74%-160.16%57.56%41.14%
EBITDA517.00K2.28M3.52M5.48M3.06M4.20M4.12M4.99M10.23M10.51M15.30M17.90M23.21M23.67M30.63M34.70M35.70M36.10M18.00M16.40M30.80M-51.10M-557.90M56.50M391.00M274.10M263.50M503.90M791.20M811.40M79.80M339.10M242.10M311.70M-55.50M277.10M-242.40M-438.00M152.50M212.80M
EBITDA Margin38.84%64.79%83.96%59.83%50.29%50.30%53.99%60.53%84.50%74.94%80.10%86.06%80.87%79.44%77.53%73.99%76.77%75.37%37.50%35.19%53.10%-49.23%-463.37%45.09%322.87%214.98%174.50%311.82%440.78%401.29%41.09%166.47%105.95%136.95%-20.79%115.31%-97.35%-163.55%56.13%54.75%
Net Income182.00K1.24M2.17M4.72M-260.00K475.00K790.00K1.99M5.13M3.69M6.80M7.60M8.50M14.30M8.70M16.90M11.50M14.80M72.60M116.70M182.20M97.00M-586.40M-26.80M343.60M228.30M226.90M456.60M737.70M766.20M58.70M314.00M222.30M283.40M-77.60M252.30M-280.50M-476.40M115.90M161.10M
Net Income Margin13.67%35.18%51.76%51.55%-4.27%5.69%10.36%24.17%42.32%26.30%35.60%36.54%29.62%47.99%22.03%36.03%24.73%30.90%151.25%250.43%314.14%93.45%-487.04%-21.39%283.73%179.06%150.26%282.55%410.97%378.93%30.23%154.15%97.29%124.52%-29.07%104.99%-112.65%-177.89%42.66%41.45%
R&D---------------------------------1.220.311.111.091.75--
R&D as % of Total Revenue---------------------------------0.00%0.00%0.00%0.00%0.00%--
Interest Expense187.00K577.00K640.00K1.86M3.30M3.30M3.14M2.56M3.78M6.04M8.00M8.40M12.50M11.60M18.70M19.00M18.20M18.70M23.00M21.50M20.40M48.50M48.40M38.50M42.40M71.90M35.40M36.00M37.50M39.90M40.80M36.50M34.20M47.40M40.20M40.10M46.70M36.80M36.60M50.50M
Interest Expense % of Total Revenue14.05%16.37%15.25%20.29%54.26%39.48%41.23%31.01%31.21%43.06%41.88%40.38%43.55%38.93%47.34%40.51%39.14%39.04%47.92%46.14%35.17%46.72%40.20%30.73%35.01%56.39%23.44%22.28%20.89%19.73%21.01%17.92%14.97%20.83%15.06%16.69%18.76%13.74%13.47%12.99%

Balance Sheet

Currency: GBP1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets13.01M51.20M75.78M108.47M104.83M89.62M76.48M106.00M155.76M236.52M274.20M320.30M481.40M614.80M783.50M849.70M853.60M827.60M946.40M1.06B1.33B2.77B2.18B2.00B2.49B2.72B2.94B3.44B4.23B5.06B5.05B5.04B5.35B5.63B5.53B5.91B5.51B5.03B5.21B5.31B
Total Liabilities4.86M5.79M12.58M24.26M32.08M31.86M35.00M42.61M59.02M104.35M118.80M106.70M162.50M232.60M321.20M316.00M341.60M350.00M450.90M451.90M550.90M930.60M966.10M836.20M995.10M1.00B1.02B1.07B1.15B1.07B1.06B844.90M1.09B1.16B1.22B1.47B1.43B1.52B1.67B1.70B
Total Equity8.14M45.41M63.21M84.21M72.75M57.76M41.48M63.39M96.75M132.17M155.40M213.60M318.90M382.20M462.30M533.70M512.00M477.60M495.50M606.20M783.40M1.78B1.18B1.13B1.45B1.66B1.86B2.30B3.01B3.92B3.93B4.13B4.20B4.42B4.26B4.44B4.08B3.51B3.54B3.62B
Cash84.00K9.49M22.00K64.00K2.58M29.00K45.00K245.00K38.00K--------4.50M4.50M14.70M-6.60M10.30M10.50M19.00M7.20M3.50M4.40M12.50M14.80M6.50M17.70M87.00M18.30M54.50M50.70M105.50M76.60M73.00M71.40M131.70M
Total Debt2.89M3.16M8.15M17.47M26.45M25.87M28.73M34.96M49.08M90.40M104.90M90.20M143.30M209.30M283.40M271.00M296.80M306.30M311.50M318.60M349.80M793.10M875.90M739.80M895.00M868.00M879.20M961.70M1.03B930.50M934.80M757.20M975.20M1.04B1.10B1.32B1.28B1.37B1.50B1.57B
Net Debt2.80M-6.33M8.13M17.40M23.88M25.84M28.69M34.72M49.05M90.40M104.90M90.20M143.30M209.30M283.40M271.00M296.80M301.80M307.00M303.90M356.40M782.80M865.40M720.80M887.80M864.50M874.80M949.20M1.01B924.00M917.10M670.20M956.90M981.60M1.05B1.21B1.21B1.30B1.43B1.44B

Cash Flow

Currency: GBP1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow694.00K619.00K1.49M7.01M2.85M7.00M5.30M6.50M6.90M7.80M4.10M8.50M1.80M7.40M10.10M-8.90M14.90M27.30M64.80M46.40M47.20M52.50M57.50M65.60M76.00M77.70M83.50M115.20M97.10M85.40M252.30M-280.50M97.00M64.60M228.00M
Investing Cash Flow-2.62M-3.50M-24.44M-40.11M-64.61M-21.80M-6.00M-112.90M-73.30M-82.10M8.40M-34.30M-11.30M-19.10M31.20M-43.00M115.20M-87.50M99.00M-190.20M-3.40M-20.20M-92.30M-86.70M-86.30M-9.50M284.00M-209.10M-44.30M-62.00M-182.60M-51.70M-98.00M-101.90M-96.70M
Financing Cash Flow-1.58M905.00K25.10M32.91M63.67M13.30M900.00K107.40M64.90M76.20M-14.00M26.00M8.90M12.40M-31.80M37.00M-123.50M62.70M-157.60M132.30M-41.90M-31.40M42.90M23.40M2.00M-57.00M-298.20M25.20M-16.60M-27.20M74.70M-88.60M-2.60M35.70M-71.00M
Capital Expenditure2.11M2.32M24.51M43.76M67.23M27.30M28.50M132.70M118.70M128.70M96.10M51.20M83.30M114.90M67.00M68.00M209.20M105.00M105.20M197.90M42.80M79.00M108.80M113.50M900.00K4.50M5.00M800.00K204.30M175.60M173.70M122.70M700.00K141.50M10.00M
Free Cash Flow-1.42M-1.70M-23.01M-36.74M-64.38M-20.30M-23.20M-126.20M-111.80M-120.90M-92.00M-42.70M-81.50M-107.50M-56.90M-76.90M-194.30M-77.70M-40.40M-151.50M4.40M-26.50M-51.30M-47.90M75.10M73.20M78.50M114.40M-204.30M-175.60M-173.70M-403.20M96.30M-76.90M218.00M
Dividends Paid-----------5.20M5.70M6.20M6.80M7.50M13.20M22.50M24.30M27.80M25.40M30.40M31.10M36.20M33.30M48.60M119.70M152.00M75.10M81.80M84.30M86.80M88.70M89.60M90.80M
FCF to OCF-204.61%-274.31%-1540.29%-523.73%-2261.47%-290.00%-437.74%-1941.54%-1620.29%-1550.00%-2243.90%-502.35%-4527.78%-1452.70%-563.37%864.04%-1304.03%-284.62%-62.35%-326.51%9.32%-50.48%-89.22%-73.02%98.82%94.21%94.01%99.31%-210.40%-205.62%-68.85%143.74%99.28%-119.04%95.61%
Dividend Paid to FCF------------12.18%-6.99%-5.77%-11.95%-9.75%-6.79%-28.96%-60.15%-18.35%577.27%-114.72%-60.62%-75.57%44.34%66.39%152.48%132.87%-36.76%-46.58%-48.53%-21.53%92.11%-116.51%41.65%

Earnings

Report DateFeb 27, 2014Aug 14, 2014Feb 26, 2015Aug 13, 2015Feb 25, 2016Aug 11, 2016Feb 28, 2017Aug 10, 2017Feb 27, 2018Aug 9, 2018Feb 26, 2019Aug 8, 2019Feb 24, 2020Aug 10, 2020Mar 11, 2021Aug 10, 2021Feb 24, 2022Aug 11, 2022Feb 28, 2023Apr 15, 2025Aug 12, 2025Feb 26, 2026Feb 25, 2027
EPS Estimate34.8030.4928.0334.0233.4140.8642.0545.0941.7650.7154.9455.4452.010.0952.3851.5852.8448.8854.310.570.520.55-
EPS Actual0.290.290.280.343.190.370.400.450.490.520.791.181.350.15-0.611.071.181.20-3.701.270.520.47-
Surprise-99.17%-99.05%-99.00%-99.00%-90.45%-99.09%-99.05%-99.00%-98.83%-98.97%-98.56%-97.87%-97.40%66.67%-101.16%-97.93%-97.77%-97.55%-106.81%122.07%0.46%-13.54%-
Timing-------------After-hours--Pre-marketPre-marketPre-market-After-hoursAfter-hoursPre-market

Key Statistics & Ratios

Market Cap1.95B
Enterprise Value3.39B
Trailing P/E41.35
Forward P/E17.79
PEG Ratio23.10
Price / Sales4.74
Price / Book0.57
EPS0.43
Book Value31.35
Revenue (TTM)411.90M
Gross Profit (TTM)200.00M
EBITDA161.00M
Profit Margin11.65%
Operating Margin53.11%
Return on Equity1.35%
Return on Assets1.90%
Shares Outstanding109.75M
Shares Float99.68M
Beta1.19
Dividend Yield4.61%
Dividend Rate0.82
Payout Ratio1.74%

Dividends

20262×
0.26Sep 3, 20260.56Apr 23, 2026
20252×
0.26Sep 4, 20250.56Apr 24, 2025
20242×
0.25Sep 5, 20240.55Apr 25, 2024
20232×
0.24Sep 7, 20230.55Apr 27, 2023
20222×
0.24Sep 8, 20220.54Apr 28, 2022
20212×
0.23Sep 9, 20210.52Apr 29, 2021
20202×
0.22Sep 10, 20200.51Apr 30, 2020
20192×
0.21Sep 12, 20190.47May 2, 2019
20182×
0.19Sep 13, 20181.17May 3, 2018
20172×
0.17Sep 14, 20170.91May 4, 2017
20162×
0.14Sep 15, 20160.31May 5, 2016
20152×
0.13Sep 17, 20150.28May 7, 2015

Stock Splits

  • Jun 13, 19942:1